How good are you at investing in crypto?

Check Your Knowledge of crypto investing!

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Let’s start with perhaps the most basic rule. How much should you invest in cryptocurrencies?

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Incorrect answer!

The exact limit of funds you can invest in cryptocurrencies depends on your financial means, but the most important rule is that you shouldn’t invest more money than you can safely lose.

2 / 6

When is the best time to buy crypto?

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It’s not a good idea to invest at the peak of a bubble, and neither would it be wise to buy a currency when its price is decreasing.

4 / 6

What is the most reliable way to story crypto?

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Other options can also work, especially if you are storing relatively small amounts for a limited time, but a hard, “cold” wallet is most reliable.

5 / 6

What should you do if the price of the currency you’ve invested in experiences a small drop?

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Both extremes might not be profitable for you, so taking a thoughtful approach and carefully examining the market would be the best rules.

6 / 6

Which of the following is NOT a red flag when deciding whether to invest in a currency?

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If the currency is not very popular, it’s not a red flag by itself. By comparison, you should avoid investing in a currency which doesn’t have a thoughtful white paper or a strong leadership team, not to mention if its creators promise guaranteed gains.

Your result

6 questions

3 correct answers